Common use of UNITIZATION Clause in Contracts

UNITIZATION. 27.01 Lessee shall have the right, at any time or times, to pool and consolidate this lease, in whole or in part, or as to any stratum or strata, with lands or leases adjacent to or in the immediate vicinity of this lease, so as to constitute a unit or units for the purpose of entering with the owners and/or lessees into joint operating agreements providing for the joint operation and development of the leased premises, or portions thereof, with adjoining lands to prevent the drilling of an excessive number of xxxxx, or of xxxxx located too close to the boundary of this lease; provided, however, that such agreement and termination thereof shall not become valid unless and until the same shall have been approved in writing by Department; provided further, however, that if such joint operating agreements or unit agreements are entered into pursuant to a valid spacing or integration order, the approval of Department shall not be required.

UNITIZATION. 27.01 Lessee shall have the right, at any time or times, to pool and consolidate this lease, in whole or in part, or as to any stratum or strata, with lands or leases adjacent to or in the immediate vicinity of this lease, so as to constitute a unit or units for the purpose of entering with the owners and/or lessees lessees, into joint operating agreements providing for the joint operation and development of the leased premises, or portions thereof, with adjoining lands to prevent the drilling of an excessive number of xxxxx, or of xxxxx located too close to the boundary of this lease; provided, however, that such agreement and termination thereof shall not become valid unless and until the same shall have been approved in writing by Department; provided further, however, that if such joint operating agreements or unit agreements are entered into pursuant to a valid spacing or integration order, the approval of Department shall not be required.